Adcock Ingram Healthcare (Pty) Ltd said in a press release that it has acquired Virtual Logistics (Pty) Ltd, a national and cross-border fine distribution company, effective from April 2017.
As a leading pharmaceutical company, Adcock Ingram does direct distribution nationally to wholesalers, hospitals pharmacies, and home deliveries to patients.
“This acquisition brings us closer to realising our strategic vision of owning a fully compliant network and will make us one of the largest fine distributors in the country,” said Tobie Krige, MD of the distribution division, in the release.
“Virtual Logistics has an extensive national footprint across South Africa with tailored solutions for hospitals, pharmacies, clinics, healthcare practices and general retail delivery outlets.
"This expanded footprint will complement our operational reach and capacity, allowing for improved service levels to customers, especially pharmacies. Our well established ability to offer a contract service to potential customers, will be enhanced by this deal.”
The reach of over 3,000 destinations, currently serviced by Virtual Logistics, will enhance and expand the Adcock Ingram offering of over 6,000 drop points allowing greater choice in ‘route to market’ for all industry stakeholders. This is of particular importance in the pharmaceutical industry where compliance requirements are non-negotiable.
Jeanette Charlton, MD and owner of Virtual Logistics, will join the Adcock Ingram distribution management team to ensure a seamless integration process.